Hyperliquid Strategies (NASDAQ:PURR) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Hyperliquid Strategies (NASDAQ:PURR) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on PURR. Weiss Ratings raised Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $22.60 price objective on Hyperliquid Strategies and gave the company an “overweight” rating in a research report on Thursday. Finally, Chardan Capital lifted their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.53.

Hyperliquid Strategies Price Performance

Shares of NASDAQ:PURR opened at $12.25 on Friday. The firm has a market capitalization of $1.77 billion, a PE ratio of -1.66 and a beta of 1.71. The business has a 50 day simple moving average of $7.92 and a two-hundred day simple moving average of $6.94. Hyperliquid Strategies has a 1 year low of $3.01 and a 1 year high of $14.14.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Boothbay Fund Management LLC bought a new position in shares of Hyperliquid Strategies during the 4th quarter worth $40,000. State of Wyoming purchased a new position in shares of Hyperliquid Strategies during the second quarter valued at $46,000. XTX Topco Ltd bought a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $48,000. Squarepoint Ops LLC bought a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at about $73,000. Finally, Shepherd Financial Partners LLC bought a new stake in shares of Hyperliquid Strategies in the second quarter valued at about $79,000. 9.45% of the stock is owned by institutional investors.

About Hyperliquid Strategies

Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. Hyperliquid Strategies Inc, formerly known as Sonnet BioTherapeutics Holdings Inc, is based in NEW YORK.